What is important for the real estate sector about the 2021 Budget is whether the government will make the tough decisions required to slash national expenditure and debt, stimulate critically needed economic growth and restore investor confidence.
Following our previous article which summarised the dangers of jointly buying property with someone else without a proper agreement between the buyers setting out the practicalities, costs and possibility of dissolution, we will now look at the particular provisions which are suggested within such a joint ownership agreement.
There is much that sectional title (ST) trustees and homeowners’ association directors can do to avoid large insurance claims arising in their housing schemes – and also much that they must do to avoid any claims that are submitted from being repudiated.
As working from home looks set to continue, one needs to take the time to review their portable work devices and ensure that they are adequately insured from theft or unforeseen damage.
From listing the property to vetting buyers or tenants and signing the transfer or lease documents, the full digitalization of property transactions has arrived.
There are many reasons why people decide to buy property together with someone else: because they are married or are dating or because they are not able to afford the property on their own.
Despite President Cyril Ramaphosa’s optimistic analogies of fynbos re-emerging after fire, 2021’s State of the Nation Address made it clear that South Africa has a long, and largely undefined, road to recovery ahead.
Communities must have a say about which land needs to be expropriated and must be able to lodge objections on any intended expropriation.
Property24’s rental assistance service has unsettled some its real estate sector customers as it appears to them as if the portal ‘wants to eat from the same plate’.
Land reform discussions in South Africa are in 99% of instances either controversial, political or highly emotional – understandably as our discriminatory past is recalled and the present political mayhem is acknowledged.